September 1, 2017

The Daily Bankruptcy News

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Due to the Labor Day holiday, The Daily Bankruptcy News will not publish on Monday, September 4, 2017



Law:

Facebook photos mocking courtroom attire lead to job trouble for lawyers accused of posting them
(DBN)

Associates Say the Darndest Things: Their Funny Advice to Managing Partners
(DBN)

Death to Performance Reviews! (Well, One Can Hope)
(DBN)

Central Pa. Firms Aim to Seize on Cry for More AFAs
(DBN)

Publicly-listed firm Slater and Gordon abandons UK operation
(DBN)

UK solicitor suspended for "despicable" anti-Semitism
(DBN)

Harvey's Destruction Will Test Employers' Pay, Leave Policies
(DBN)

Baker Hostetler: Hurricane Harvey Special Alert
(DBN)

Littler: Picking Up the Pieces: Employer Responsibilities in the Aftermath of Hurricane Harvey
(DBN)

Attorney borrows neighbor's boat to bring food and water to other Harvey victims
(DBN)

Harvey Victims and Lawyers Take Note: 5 Years After Hurricane Sandy, Lawyers Still Working on New York Hurricane Cases
(DBN)

Legal Aid Begins Offering Legal Advice to Harvey Victims at Houston Shelters
(DBN)

16 Colleges Decide To Share A Law Firm To Cut Costs, But Will Other Schools Follow?
(DBN)

California One Step Closer To Having A Mediocre Bar Exam Many lawyers surveyed say California bar cut score should remain the same; test-takers disagree
(DBN)

Wear this to feel dominant during business negotiations
(DBN)

Apple is planning big changes for how you use your iPhone
(DBN)

Here’s why sites like LinkedIn may not be helping you find a job
(DBN)

5 Tips On Getting Hired That Will Shock You
(DBN)

Do You Have Ethical Obligations When Customs Tries To Search Your Phone?
(DBN)

A Case For Letting Associates Drive Technology Advances in Law Firms
(DBN)

Trump expected to halt Obama’s program but allow some Dreamers to stay temporarily Until Trump’s Decision on DACA Is Announced, Dreamers, Advocates Keep the Pressure What Donald Trump Owes the Dreamers Microsoft, Facebook, Uber among tech companies taking stand in support of 'Dreamers' Trump's expected repeal of ‘Dreamer’ program draws fire from business Legal Status for ‘Dreamers’ Sought in House GOP Bill
(DBN)

Supreme Court asks for state response in case contending Mississippi flag supports white supremacy
(DBN)

Order for debarking surgery in dog nuisance suit is upheld on appeal
(DBN)

Mueller has a new partner in the Russia probe who could dramatically constrain Trump's pardon power
(DBN)

‘Baylor Law School wives’ sought for part-time position, law firm job ad states
(DBN)

Let’s Put This Biglaw Lawyer On A Stamp
(DBN)

Mobster's case remanded after his trial attorney was convicted of laundering drug money
(DBN)

Firm criticized by judge over blackmail
(DBN)

NBA fines Lakers $500,000 for tampering after Wachtell probe
(DBN)

Man pursued by shark after jumping in water to flee cops
(DBN)

Trump administration settles travel ban lawsuit with promise to reconsider visas
(DBN)

Officer Reassures White Lady: ‘We Only Kill Black People’ GA: 'We Only Kill Blacks' Cop Fired
(DBN)

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Judges:

Judge W. Homer Drake, Jr. to Receive American Inns of Court Bankruptcy Inn Alliance Distinguished Service Award
(DBN)

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Wall Street:

Dow sets sights on 22,000 as jobs report arrives
(DBN)

US stocks jump after report of stronger consumer spending
(DBN)

Tesla is the ‘canary in Wall Street’s coal mine,’ warns retired fund manager
(DBN)

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Layoffs:

Disney Prepares Cuts at ABC TV
(DBN)

Kellogg plans to cut 223
(DBN)

Thyssenkrupp to Cut Up to 1,500
(DBN)

Layoffs Surge in August, Led by Cuts in Retail
(DBN)

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Travel:

How to rack up millions of frequent flyer miles without even flying
(DBN)

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Personal Finance:

How to know whether you have ‘enough’ to retire early
(DBN)

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Education:

Graduates of these 10 schools earn the most money
(DBN)

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Banking:

Wells Fargo: There were nearly 70 percent more potentially fake accounts opened than originally thought Wells Fargo scandal deepens: Bank reveals up to 1.4 million more fake accounts Cramer calls Wells Fargo a 'rogue bank' after revelations of over a million more fake accounts Here's How Congress Is Reacting to Wells Fargo's Latest Setback Wells Fargo's Testimony Left Some Feeling Shortchanged
(DBN)

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Politics:

Why a Republican Pollster Is Losing Faith in Her Party
(DBN)

Ted Cruz Doubled Down on Sandy Hypocrisy
(DBN)

Hurricane Harvey Shifts Political Winds in Washington
(DBN)

FBI, Homeland Security warn of more ‘antifa’ attacks
(DBN)

Does Anyone on Trump's Team Take Him Seriously?
(DBN)

Trump reportedly calls Steve Bannon on his personal phone when John Kelly isn't around
(DBN)

2 potentially damning words were reportedly written in Manafort's notes from the Trump Tower Russia meeting Lobbyist who attended Trump Jr.‘s meeting with Russian lawyer reportedly testifies before grand jury New York AG reportedly working with Mueller in Manafort probe; Trump can’t pardon state crimes Trump lawyers laid out case against obstruction to Mueller: report Robert Mueller is reportedly bringing an IRS financial crimes unit into the Russia investigation
(DBN)

Columbus Day to become Indigenous Peoples' Day in Los Angeles
(DBN)

GOP: Comey Ended Clinton Probe Early
(DBN)

Judge Slams Federal Voter Fraud Panel
(DBN)

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Festivals:

Fyre Festival Company Placed in Bankruptcy Fyre Festival LLC placed in bankruptcy by federal judge The Company Behind The Disastrous Fyre Festival Was Forced To Declare Bankruptcy In Court Fyre Festival declared bankrupt amidst errant loans of $4 million
(DBN)

iHeartRadio Beach Ball fills void left by defunct music festivals
(DBN)

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Debt Collection:

NY: Commercial Division Declines to Use New York Debtor and Creditor Law to Enjoin a Defendant’s Asset Sale Without Evidence of Inadequate Consideration
(DBN)

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Economy:

Personal Income increased 0.4% in July, Spending increased 0.3% Personal Consumption Expenditures Continue to Increase in July
(DBN)

August employment report likely to show U.S. kept pumping out jobs in late summer There could be an upside surprise in this number inside the August jobs report
(DBN)

The economy really is getting better. Here are two key signs
(DBN)

Americans Are Happier at Work, But Expect a Lot Less
(DBN)

Weekly Initial Unemployment Claims increase to 236,000
(DBN)

It’s the economy, stupid? Not for Trump.
(DBN)

The Working Class Can’t Afford the American Dream This grim map shows all the places working-class Americans can’t afford to live
(DBN)

August Employment Preview Goldman: August Payrolls Preview
(DBN)

Mnuchin: We have a 'very detailed' tax plan ready that should be passed this year Trump Used to Hate the Tax Reform Act of '86 There are still basic questions Republicans need to answer about their massive tax plan Trump’s Corporate Tax Cut Push Exposes Fractures Among Democrats 7 Smart Takes on Trump’s Tax Speech The $500 Billion Question at the Heart of the Tax Cut Debate Harvey, Trump tax plan to put new strain on budget deficit Mnuchin: More tax details coming shortly
(DBN)

Mnuchin: Having a weaker dollar is better for US on trade
(DBN)

Mnuchin Sees Closer Debt-Limit Deadline as Harvey Demands Grow
(DBN)

Trump Trade Promise Won't Go Over Well With Stocks
(DBN)

The head of the world's biggest sovereign wealth fund is worried about global trade
(DBN)

Trump's mutiny against trade has some countries worried about their national security
(DBN)

South Carolina Auto Plant Heads to Mexico
(DBN)

Bush Tired Profit Repatriation Too. It Flopped
(DBN)

Millennials have very different spending habits than their parents
(DBN)

These will be the 21 most powerful economies in 2030
(DBN)

325,000 people have already signed up for aid after Harvey — and the financial toll for survivors is just beginning Harvey Won't Hold Back Houston Who will bear the financial burden for Harvey’s rampage? Not insurance companies. Trump requests $6 billion for immediate Harvey recovery Hurricane Harvey will likely be most expensive natural disaster in US history: AccuWeather As Houston Begins Cleanup, Residents Face Up to Losses
(DBN)

US GDP would take a hit from DACA deportations, report finds
(DBN)

Why Ivanka Trump's support of ending the equal pay initiative is a big deal, in two maps
(DBN)

Treasury Secretary Steve Mnuchin just put Harriet Tubman's role on the $20 bill in question
(DBN)

Paul Ryan’s postcard tax return is really dumb
(DBN)

A $1,000 per month cash handout would grow the economy by $2.5 trillion, new study says
(DBN)

FactCheck: US Has Highest Corporate Tax Rate Trump wants to slash America’s corporate tax rate, but that rate is a myth
(DBN)

Returning to the Rust Belt
(DBN)

World Didn't Learn from the 2008 Meltdown
(DBN)

Trump to Cut Pay Raise for Gov't Workers
(DBN)

S&P 500 Earnings Dashboard | Aug. 31
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac: Mortgage rates hit second-consecutive 2017 low
(DBN)

NAR: Pending Home Sales Index decreased 0.8% in July, down 1.3% year-over-year
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in July, Lowest since December 2007
(DBN)

Many unanswered questions as Charleston County seeks settlement in Naval Hospital case
(DBN)

Houston Residents Return to Ruined Homes
(DBN)

Houston's vacant apartments could house Hurricane Harvey victims
(DBN)

More Than One-Quarter of Houston's Commercial Real Estate May Have Suffered Flood Damage
(DBN)

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Municipalities:

Puerto Rico’s Oversight Board Is About to Slash Government Workers’ Hours—and Pay
(DBN)

Puerto Rico's China Rescue: Exotic Plan to Revive Growth
(DBN)

In Puerto Rico , reckoning and determination
(DBN)

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Oil/Gas:

Strategic Petroleum Reserve Tapped Here’s how many gallons of gasoline you can get from the oil in the Strategic Petroleum Reserve
(DBN)

Largest US refinery Motiva may be shut up to two weeks: Report
(DBN)

Gulf Coast struggles to get gasoline flowing as refineries remain shut, starving pipelines of fuel Cheap Oil And Costly Fuel Are Rare Windfall From Harvey for Asia US Drivers to Feel Hurricane Harvey Fury at Gasoline Pump Gas Spiking as Motiva Questions Restart Scramble to Avert Gasoline Shortages The Southeast Can Take Harvey's Colonial Pipeline Cutoff ... For Now Looming Gas Shortage: “Imports Can’t Make Up For This” How Long Can U.S. Refineries Remain Offline?
(DBN)

Storm Harvey exposes Achilles heel for global energy market
(DBN)

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Healthcare:

A group of Democratic and Republican governors just released their plan to fix Obamacare Governors Want ObamaCare Propped Up
(DBN)

Here's the real reason why U.S. health care is so expensive
(DBN)

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Corporate Reform:

Fed Is Willing to Tweak, But Not Abandon, Certain Financial Regulations
(DBN)

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Nuclear:

Utility wants to finish new nuclear units in Georgia Georgia Power Wants to Continue Vogtle Nuclear Expansion Southern Co plans to complete lone new U.S. nuclear plant project The US Backs Off Nuclear Power. Georgia Wants to Keep Building Reactors
(DBN)

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Maritime:

Investors in bankrupt fuel oil supplier OW Bunker to sue IPO banks
(DBN)

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Food/Beverage:

August Restaurant Performance Index: First Decline In Three Months
(DBN)

Hop broker bankruptcy may signal industry turbulence
(DBN)

For Grocery Stores In Texas, It's A Race To Restock Their Shelves
(DBN)

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Autos:

Harvey: Maybe 1 Million Cars Totaled
(DBN)

Houston: Car Dealers Doing Swift Business
(DBN)

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Newspapers:

Lawsuits, liens, and asset filings: Alice Rogoff bankruptcy continues
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Exemptions:

Court Examines Post-Bankruptcy Petition IRA Transfer
(DBN)

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Trustees:

BK SD NY Seeks Ch. 13 Trustee
(DBN)

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Bankruptcy Rules:

BK ND NY: Opportunity for Public Comment on Proposed Amendments to Several Local Bankruptcy Rules Effective December 1, 2017
(DBN)

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SCOTUS:

SCOTUS To Hear Arguments in Bankruptcy Cases on Oct. 31 (insider: "de novo" or "clearly erroneous") and Nov. 6 (conduit institution as "safe harbor")
(DBN)

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Make-Whole:

Make-Whole Premiums and the Agency Costs of Debt
(DBN)

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Personal Finance:

Are you in pain? It could be caused by money problems
(DBN)

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Weather:

Houston isn't flooded because of its land use planning
(DBN)

Here is what the Houston area looks like now IRS makes it easier for Harvey victims to tap 401(k) money for rebuilding
(DBN)

The Next Houston Houston offers a grim vision of Los Angeles after catastrophic earthquake
(DBN)

The Strange Future Hurricane Harvey Portends
(DBN)

Harvey Blasts $10Bn Hole in Tx. Infrastructure
(DBN)

Mexico's Red Cross Delivers Aid to Houston
(DBN)

New dangers lurk in Harvey’s wake, exploding chemicals, alligators
(DBN)

325,000 people have already signed up for aid after Harvey — and the financial toll for survivors is just beginning
(DBN)

Floodwaters Recede, Grim Discoveries Mad
(DBN)

Harvey is causing tornadoes and flooding across the Deep South
(DBN)

Harvey wreaks havoc on Houston schools
(DBN)

Hurricane Irma Forms in Atlantic
(DBN)

Immigrant Crackdown Hurts Houston Recovery
(DBN)

Trump claimed he witnessed Harvey’s devastation ‘first hand.’ The White House basically admits he didn’t It's Not About America, It's Just About Him Trump to Donate $1 Million for Texas Recovery
(DBN)

GOP Rep: Federal Flood Insurance Headed For Bankruptcy Without Reforms
(DBN)

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Retailing:

Department store operator Bon-Ton turns to turnaround advisers -sources
(DBN)

Retailers like Wal-Mart and Best Buy are coming up with new strategies to top two-day delivery
(DBN)

Are Retail's Woes the Canary in the Coal Mine for the US Economy?
(DBN)

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UK:

UK Manufacturing Unexpectedly Accelerates to Four-Month High
(DBN)

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PIIGS:

Ryanair Plans Binding Bid for Alitalia, Would Keep Carrier Whole Ryanair to bid to operate 90 Alitalia planes
(DBN)

Greece doesn't want any more rescues — but it does need something else
(DBN)

Even Greece's economy is now growing faster than the UK
(DBN)

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Canada:

Canadians are borrowing against real estate at the fastest pace ever
(DBN)

As Sears Canada head scrambles to launch bid, wife's role in company raises questions
(DBN)

Canada's Economy Grew at 4.5%
(DBN)

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Venezuela:

Fitch says 'default is probable' for Venezuela, lowers country's credit rating
(DBN)

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India:

SC dismisses Innoventive plea against bankruptcy
(DBN)

Homebuyers of Jaypee Wish Town banking on IRP
(DBN)

Over 655 cases decided under insolvency law, says NCLT President
(DBN)

Beware corporate guarantors! You can't escape NCLT
(DBN)

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Japan:

Toshiba fails to seal a deal for its prized chip business, raising doubts it can plug its gaping balance sheet hole
(DBN)

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Brazil:

The operational dilemma of the debt restructuring process
(DBN)

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France:

Macron's Labor Reform Isn't Enough to Lift Economy
(DBN)

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Singapore:

Punching above its weight: Bold new changes to Singapore’s debt-restructuring regime
(DBN)

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Australia:

Insolvency regulators welcome start of second tranche of insolvency law reforms
(DBN)

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BVI:

The Pacific Andes saga: forum shopping, Chapter 11 and just and equitable winding up
(DBN)

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